2023 Cybersecurity Market Update

SLG is estimated to spend $ 11 B on cybersecurity-focused products and services

What percentage of the IT budget is spent on cybersecurity?

10% 0% 14% 37% 50% 54% 41% 43% 19% 12% 7% 14%

Counties Cities States

Less than 1%

Increased awareness of cybersecurity’s importance has led to a shift

Counties Cities States

1-5%

Counties Cities States

6-10%

in budget priorities.

Counties Cities States

More than 10%

SOURCE: GOVTECH NAVIGATOR

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